WEBVTT - BE Semiconductor Up, Orsted Rises, BAT Down 

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data for.

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<v Speaker 1>That second look now at some stocks on the move

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<v Speaker 1>today in Europe. I'm Stephen Carroll and I'm joined by

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<v Speaker 1>Bloomberg reporter Chloe Melee. Chloe, good morning. So a new

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<v Speaker 1>year boost for the minor Fresnello assign perhaps of things

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<v Speaker 1>to come for the forty one hundred, finally making it

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<v Speaker 1>over briefly that ten thousand handle.

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<v Speaker 3>Yeah, absolutely, So the fifty one hundred, as you mentioned,

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<v Speaker 3>reached that bill big kind of milestone in Fresno was

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<v Speaker 3>at the center of that. So the fifty one hundred

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<v Speaker 3>trading above one thousand points for the first time ever

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<v Speaker 3>and having its best here since two thousand and nine,

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<v Speaker 3>A lot of that was thanks to the mining sector.

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<v Speaker 3>The fifty one hundred is very kind of heavily weighted

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<v Speaker 3>towards that industry, and it was a really good industry

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<v Speaker 3>to be in in twenty twenty five, and it will

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<v Speaker 3>be a good industry to be in in twenty twenty six.

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<v Speaker 3>Because the prices of precious metals are jumping quite importantly,

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<v Speaker 3>quite massively. A lot of that ad has to do

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<v Speaker 3>with investors in central banks kind of rushing to save

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<v Speaker 3>havens during times of a little bit more geopolitical turbulence,

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<v Speaker 3>and then also falling interest rates in the US making

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<v Speaker 3>those commodities quite attractive. And so we've seen silver and

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<v Speaker 3>gold reaching several record highs over the year twenty twenty five,

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<v Speaker 3>and of course that's great for companies like Presnio, which

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<v Speaker 3>operates as gold and silver mines, and the company was

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<v Speaker 3>the standout in the fifty one hundred last year with

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<v Speaker 3>gains of four hundred and forty nine percent, so that's

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<v Speaker 3>really really impressive, and that is the best performed by

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<v Speaker 3>a really wide margin. The second best was actually another

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<v Speaker 3>minor Pan African Resources, with gains of just two hundred

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<v Speaker 3>and fifty nine percent, So that really shows how crucial

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<v Speaker 3>that mining sector has been to the performance of the

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<v Speaker 3>fifty one hundred this year, well no last year. And

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<v Speaker 3>then there's also that no sign of that is really stopping.

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<v Speaker 3>In twenty twenty six. We have seen gold and silver

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<v Speaker 3>starting the year really strongly, and the factors that are

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<v Speaker 3>leading to that boost are still there, so we'll have

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<v Speaker 3>to see how much further FRESD of you can go.

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<v Speaker 1>Yeah, indeed shows up two point six percent this morning.

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<v Speaker 1>But as you say, pretty hard perhaps to beat the

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<v Speaker 1>games they saw last year. Let's turn to Orsted next

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<v Speaker 1>filing a legal complaint against US President Donald Trump's wind

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<v Speaker 1>farm suspension.

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<v Speaker 3>Yeah, there was. It's up this morning, All said on

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<v Speaker 3>the back of that, and perhaps indicating that investors are

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<v Speaker 3>happy that also is kind of pushing back against the

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<v Speaker 3>Trump administration. The company said that the decision to suspend

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<v Speaker 3>the lease of a wind project that was very close

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<v Speaker 3>to being completed a violates applicable law, and so also

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<v Speaker 3>it is calling for the suspension to be lifted until

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<v Speaker 3>there's a final verdict from the court. At the project,

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<v Speaker 3>which is called Revolution Wind, has been targeted a couple

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<v Speaker 3>of times by the trub administration. Recently over the summer,

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<v Speaker 3>we had a stop work order and then a judge

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<v Speaker 3>ruled that construction could actually resume. And now that there's

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<v Speaker 3>this least suspension. So that's kind of another setback there.

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<v Speaker 3>But it means that All Said will probably be dealing

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<v Speaker 3>with a lot more challenges from the US after all

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<v Speaker 3>the attacks from last year from the Trump administration, which

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<v Speaker 3>really weighed on those shares. But there are some games today. Perhaps,

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<v Speaker 3>as they said on the fact that all said is

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<v Speaker 3>a pushing back against those decisions by the Trump administration.

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<v Speaker 1>Okay, I know, I said shares. Yeah, as you were

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<v Speaker 1>saying four percent this morning, that's turned to British American

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<v Speaker 1>tobacco next shares are in the red there. What's driving that, Well, the.

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<v Speaker 3>Ideas is taking a hit because of its stake in ITC,

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<v Speaker 3>which is the largest make of cigarettes in India, and

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<v Speaker 3>that company is taking a big hit because of a

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<v Speaker 3>new excise duty to try and limit the smoking rate in India.

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<v Speaker 3>We've got two hundred and fifty million people smoking in India.

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<v Speaker 3>That's the second highest population globally. So for the health

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<v Speaker 3>of that population, of those taxes will probably be good,

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<v Speaker 3>but for ITC not to not too exciting because we're

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<v Speaker 3>talking about our tax hike of over thirty percent if

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<v Speaker 3>we include other charges on cigarettes that are about to

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<v Speaker 3>be imposed as well. So that's a tax burden that's

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<v Speaker 3>much higher than anticipated. And ITC gets over forty percent

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<v Speaker 3>of its revenue from cigarette so this is a new

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<v Speaker 3>text that could mean a big hit on volumes of

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<v Speaker 3>big hit on earnings. This is something that has triggered

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<v Speaker 3>the fifty fifteen percent cut in earning special estimates for

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<v Speaker 3>twenty twenty seven and twenty twenty eight, so that's really

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<v Speaker 3>not negligible, and we're seeing investors and analysts start to

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<v Speaker 3>think about the impact for that company. And BAT has

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<v Speaker 3>a stake of about about twenty three percent in ITC

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<v Speaker 3>is the largest shareholder, so it's very vulnerable to whatever

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<v Speaker 3>happens to that company, and we're seeing that weakness today.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>the Bloomberg Business app. Mm hmm